Europe Luxury Car Leasing Market By Product Type (Short-Term Rental, Long-Term Rental, Finance Leasing), Application (Airport, Off-Airport), Country (Germany, France, UK, Italy, Spain, Russia, Belgium, Turkey, Netherlands, Switzerland, Rest of Europe) - Industry Trends and Forecast to 2026
Luxury car leasing is an attractive way of financing the desired models of car at affordable price basis. The leasing of luxury cars has now become a popular alternative to buying as the desired cars can be made available on a low initial deposit. Car rental is the use of cars at an assessed amount of money for a fixed period of time. Luxury car rentals helps in providing mobility solutions for both, leisure and business travellers.
Europe luxury car leasing market is projected to register a healthy CAGR in the forecast period of 2019 to 2026.
Segmentation: Europe Luxury Car Leasing Market
Europe luxury car leasing market is segmented into two notable segments which are product type and application:
- On the basis of product type, the market is segmented into short-term rental, long-term rental, and finance leasing
- On the basis of application, the market is segmented into airport and off-airport
Competitive Analysis: Europe Luxury Car Leasing Market
Some of the major players operating in this market are Sixt, The Hertz Corporation, Avis Budget Group, Enterprise Holdings Inc., Europcar Mobility Group, ALD S.A., Localiza, LeasePlan, German Rent A Car, ANI Technologies Pvt. Ltd. (Ola), Movida Car Rental, Car Inc, Fox Rent A Car, Uber Technologies, Inc., Unidas, among others.
- In February 2019, SIXT SE became the first organisation for digitalizing the process of car rental services in Europe. The app generated by the company will help the customers to digitally select their vehicles at airports. The facility will soon be expanded to airports other than in Europe and the U.S.
- In March 2018, Uber Technologies Inc. signed an agreement for USD 3.8 billion with Yandex to merge their business. The merger will help the company to expand its footprints in Russia and Commonwealth of Independent States (CIS).
Research Methodology: Europe Luxury Car Leasing Market
Primary Respondents: key industry participants, subject-matter experts (SMEs), C-level executives of key market players, Market Intelligence Managers, National Sales Managers and industry consultants.